Inbound tourism expenditure on air passenger transport services in Mexico has shown a general increasing trend from 2013 to 2028, despite significant volatility. In 2023, the value stood at 61.86 billion Mexican Pesos, indicating a solid recovery from the COVID-19 pandemic-induced dip in 2020.
From 2021 to 2022, there was an annual growth of 35.35%, and a further increase of 20.58% in 2023. The recent Compound Annual Growth Rate (CAGR) over the last five years is 2.5%. The forecasted CAGR from 2024 to 2028 is estimated at 3.34%, with a total growth rate of 17.83% over this period.
Future trends to watch for:
- Potential impacts of geopolitical events and economic conditions on tourism and travel behavior.
- Advancements in technology that could affect the aviation industry, such as more fuel-efficient aircraft.
- Changes in travel preferences and the regulatory landscape, including health and environmental regulations.
